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Dave Czarnecki Xconomy article: “Tax Reform and Choice of Business Entity” 03/16/2017

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Corporate, Taxation.
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M0846543In his new article for Xconomy, “Tax Reform and Choice of Business Entity“, corporate and tax partner Dave Czarnecki discusses how the decision of choice of entity for an entrepreneur’s business has both tax and non-tax implications. The decision is especially important given the impending White House tax reform plan, which could include a reduction in corporate tax rates.

Dave poses the question:

“If the anticipated changes are adopted, should entrepreneurs be more willing to organize their business as a C-Corporation, rather than an entity that is taxed on a pass-through basis?”

Dave discusses this question and potential tax reform and the implications for businesses in the Xconomy article.

Chip Wry Discusses Entity Choice and Tax Reform in Accounting Today 03/02/2017

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Corporate, Taxation.
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Accounting Today’s article titled “To LLC or not to LLC: Entity choice and tax reform“, discusses the importance of choosing the correctM0846619 type of entity to use when forming a business, and the possible impact of an upcoming tax reform. Tax attorney Chip Wry states that while the exact outline of the tax reform is unknown, “it will be similar to the GOP Blueprint. Both the Trump plan and the Blueprint call for lower corporate and individual rates, and an intermediate pass-through rate.” Chip goes on to explain the various tax considerations of choosing a business entity and the scenarios a tax reform may present.

For further detail, read the full article.

You may also be interested in: Tax Considerations in Choosing the Proper Form of Business Entity

Highlights from MBBP Life Sciences Series Panel 2 – Laying the Foundation for Growth: Entity & Equity 07/05/2016

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Client News, Corporate, Events, Life Sciences, Venture Capital & Private Equity.
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On Wednesday June 22nd, the offices of Morse, Barnes-Brown & Pendleton were filled with a crowd of people for a life sciences panel discussion on “Laying the Foundation for Growth: Entity & Equity.”  Esteemed panelists included Marc Cote, COO of Accellient; Jeffrey Solomon, Managing Shareholder of Katz Nannis + Solomon; and MBBP’s own John Hession as moderator.

The panel explained to the audience the importance of understanding the different entity options when starting a new business, and JMH Headshot Photo 2015 (M0846571xB1386)provided important tips on how to pick the right fit for the business.  John Hession stated that when choosing an entity it is crucial to consider where you plan on heading with the business and the long-term goals, how long before you generate money, investments, exit strategy, and how long before you will be investing money of your own into the business.

Jeffrey Solomon explained that most investors will insist that your business is a Delaware C-Corp.  He detailed that although LLCs can be beneficial because of their pass through tax benefits, they also have more complexities with tax filings.  However, since C-Corps are able to receive 1202 tax treatment and exclude gains, C-Corps are typically preferred.  The panel also discussed equity strategic considerations, including restricted stock options, with Marc Cote describing the importance of filing an 83(b) within 30 days of executing the agreement.

These were merely a few of the insightful topics discussed at the 2nd Life Sciences Series Panel.  The next panel in September will be equally educational, so keep an eye out for further details, including registration information, on our site.

MBBP Attorney to Host Office Hours at TechSandBox 1/21/2016 01/08/2016

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events.
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DOLOn  Thursday, January 21, MBBP Attorney Daniele Ouellette Levy will host Office Hours at TechSandBox on entity selection (S Corp, LLC, etc.), stock structure, and equity considerations.

Office Hours provides access to experts in topics such as intellectual property, business formation, benefits, taxes, marketing, sales, funding, IT and technology commercialization. Daniele will be available for one-on-one, 45 minute sessions from 11:30AM- 3:30PM. This event will be offered probono for TechSandBox members and to non-members as space allows.

Sign up today to reserve your time slot by visiting TechSandBox!

Robert Finkel to Speak in CLE Webinar on Entity Selection Tax Issues 12/01/2010

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events.
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Tax and Business Attorney Robert FinkelOn December 14, MBBP  attorney Robert Finkel will speak as part of a panel in a CLE/CPE Webinar on “Advanced Tax Issues in Entity Selection”. The webinar will provide tax counsel with an advanced analysis of legal and financial aspects of business entity structuring, including tax issues related to capital structure and compensation. The panel will also discuss the impact of new and proposed legislation on tax rates and entity selection.

This webinar will occur Tuesday, December 14th from 1:00-2:30pm EST. For more information or to register, please visit Strafford Publications.

Robert’s other recent speaking engagements include “Disclosures of Off Shore Financial Interests after the 2009 Voluntary Disclosure Program” at the annual Salem State University CLE for Accountants, and the 2010 University of Massachusetts Tax School for Pratitioners Workshop.

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